Question: The standard cost sheet calls for 80 pounds of zinc

The standard cost sheet calls for 80 pounds of zinc per batch of 70 faucets. Zinc has a standard price of $ 5.10 per pound. One thousand pounds of zinc are purchased for $ 5,530. Ten batches of the faucets are produced, and 840 pounds of zinc are used. There was no beginning zinc inventory. All variances are calculated as soon as possible.

Required: Prepare a table that decomposes the total purchase price of the zinc ($ 5,530) into its various components as calculated by the standard cost system.